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WOW that is great Congrats and lets all break a leg!!!!!
I'd like to say thank you!!! Thank you to those people willing to sell to me at bargain basement prices. It felt like black Friday today.
I finally cracked the 30 million share mark....and to the rest of the "long timers" - I'm in this for the long haul.
Today was a mini correction with momentum seekers selling as they were unhappy with the wait on news. I'd like to see this up in the .006-.008 range before news comes - my fingers are crossed. And no, they not crossed in hopes of news coming - that is certain.
Patience....we still have a few weeks till end of first quarter. There is good news coming and more than just a little.
Patience. GLTA.
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given the relatively small volume i am seeing, the sellers today might include momentum players who jumped in during the first rise from $0.0006 to $0.0030, and who are now bailing due to the momentum deceleration.
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to them, momentum is everything, there is no buy and hold. i know a few, personally.
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my 10M plus shares are fine where they are for now, i ain't selling at these prices.
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GO J.T. GO ! ! ! ! !
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snowiegeorgie
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Hey speera, I don't know about that, the people selling probably aren't the people who have been around for 5-10 years.
Lance1212 all these sells today are playing with people's future in here.
Thanks for the clarification! Let's hope it is soon. GLTA
He said we are in negotiations deals that will launch us into commercialization , finally. The word finally is all we need. And that's know bull*hit
Hey speera, what do you mean Good Energy?
Getting alittle haircut today..ouch
the 5's are a nice new base if it holds.
Low volume swing from 65 to 45. So far the big buyer is absent today. Hopefully financing or audited financials coming soon. Or another joint venture would be nice :)
flippers usually get burned,or miss the boat. There is only a very small percentage of flippers that make money.
Appears we have some flippers today!!
one source for outstanding share count :
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http://www.otcmarkets.com/stock/TXMC/quote
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then go to "COMPANY INFO" here :
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http://www.otcmarkets.com/stock/TXMC/company-info
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AND IT SAYS THIS :
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Share Structure
Market Value1 $11,230,649 a/o Feb 03, 2012
Shares Outstanding 1,903,499,756 a/o Nov 09, 2010
Float 1,425,787,018 a/o Nov 09, 2010
Authorized Shares 2,000,000,000 a/o Feb 25, 2010
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which is clearly NOT CURRENT, but there it is. but we know the authorized has increased to 2.5 billion due to an announcement a while ago.
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i also read somewhat recently that the shares outstanding were up to 2.26 billion, but i forget exacly where i read it right this minute. probably not in the last TXMC SEC Financials filing, which is now 2 years old or older.
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HERE'S A PREDICTION :
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i predict on this 4th day in February 2012 that the authorized shares will increase to 3B shares in order to facilitate moving forward with the first one or two actual real projects. these shares will compensate the legions of service providers ( e.g., attorneys, accountants, engineers, etc. ) that will be necessary to make this wonderful recycling process into the envy of tire recyclers all over the world.
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remember i predicted this. hold me to it. i know some of you will.
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snowiegeorgie
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I agree ... Let's go giants !!!!!!!
Someone has to Say it...
Go PATS!!!
Yes they are ...... besides the fact for moving to a higher exchange we need audited financials.But are investors still going to invest based on them ? answer is no.... Their Financials are awful!!!!!!!!!!!!!!!! for now
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you gave me a really big smile
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thanks for that
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i don't think i can get to 7 mil, but i'll readily take 1 mil.
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heck, even 500 K ( at my age ) gets me a really good retirement ( along with S.S. and other savings. )
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GLTA, and i really believe we'll see 2 cents soon enough. or three !
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snowiegeorgie out
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It took me 3 months to get a 475k mortgage..wonder how long it takes to get 7mil..hopefully soon
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i know that. i keep current with all things posted on the Tirex site, or about Tirex in press releases and also in some public forums.
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that was a good start that J.T. made in 2009, and he also increased the A.S. to 2.5B, in part, to pay for getting current. i do not know why that has not happened after so many words being said and written about it over the last three years.
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it is discouraging. it's gotta be the cost that prevents this from getting completed, IMO.
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audited financials that are not current are certainly nice to have, but not the best. to be a fully-compliant and a fully-filing company, according to SEC rules ( in Canada as well ) you just gotta be current. Canada is brutal, and ceases trading for companies that do not stay current.
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Tirex is not current as you say, and thus does not really have audited financials.
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( I have one post remaining after this )
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I LOVE TIREX and J.T. and TIREX INVESTORS. really, i do. but i must be realistic about the way things work. i expect J.T. will announce audited financials becoming complete ahead of financing for any proposed project. and that will be a very very good thing.
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perhaps completion of audited financial statements will be a condition of getting financed, much like it is for prospective homebuyers. try to buy a house today without strict adherance to bank standards for financial statements, etc. i just refinanced this month, and had to prove all of my claims to refinance my mortgage. liar loans ( for homeowners ) are a thing of the past.
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snowiegeorgie
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Snowiegeorge, Tirex has audited financials see links below. They are not current.
http://ih.advfn.com/p.php?pid=nmona&article=46704339
"Tirex Files Fiscal 2009 Audited Financials" dated 3/2/2011
http://www.tirex-tcs.com/letter_jan12.htm
"2 – Tirex’s improved position and progress over the past year beginning with its acceptance by the SEC of our retroactive audit and our commitment to get current in the first quarter of 2012; reinforcing Tirex managements commitment by reducing its debt and eliminating $1M of the accumulated Principle’s salaries and exploring over another $1M in debt reduction that’s past the statute of limitations."
Hey Casper, correct, February 2010 they were at 1.5 Billion.
I believe it was at 1.5B at that time. correct?
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well, thanks for answering me.
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i repeat that no investor who has earned or otherwise gained his way to ten million dollars will ever invest it without seeing audited financials. that's just a fact of life as i said.
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so we disagree, no big deal .
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be well, GLTU.
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snowiegeorgie
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you're OK howie ! ! ! ! !
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even if you won't answer my question !
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GLTU as well, and i really mean it.
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this is THE GAME, the one where everyone who plays wins !
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snowiegoergie, giants fan !
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Sorry ..... many investors invest in start ups, nothing to do with Banks and audited financials.
Relax and enjoy the wild ride !!!!!!!!!! that is coming
2 cents is nothing !!!!!!!!!!!!!!!!!!! that is all I got to say
GLTU see you after the news !!!!!!!!!!!!!!
GO GIANTS INDEED ! ! ! !
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send brady home, crying to his supermodel mommy !
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( good point about the 2.2B shares three years ago )
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snowiegeorgie
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Back in 2009 there wasn't 2.2 Billion shares outstanding.
Anyway, big week for TXMC!! Congrats to all especially the long long time holders.
Let's top off this week with a Big Blue win!!! Go Giants!!!
what does it take to get financing?
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i know you'll all dislike me forever for pointing this out, and nobody want 2 cents more than i do ( it's my retirement ) -
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i know commercial lenders, several of them, intimately, and none of them would lend to any entity without audited financials. period. no discussion.
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OK, perhaps you all know that, it seems rather obvious.
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so that leaves deep-pocketed or angel investors ? the same thought holds, although an angel is not deterred by corporate law. an angel investor would be deterred by his deep desire to protect his investment - for example, against unknown past or present liabilities. these guys ( the Mitt Romney types ) don't get rich without being very careful with their investments. that's just life.
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so you all dislike me very deeply now, i get that. perhaps someone would like to explain who would finance a $5M to $10M venture without the assurance of seeing an audited financial statement from one of the major partners ?
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snowiegeorgie
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It actually hit 1.5c on the overseas news back in July/Aug 2009, and I don't believe financing was even part of the conversation at that point (from memory), so we are a bit further along with the latest opportunities.
News on the latest financing (IMO) will bring a level of confirmation to some of us that TXMC has reached a new milestone. With that milestone reached, I would agree with the .01 to .03 range. Then we wait for the buildout and eventual revenue generating activities - at that point, if we get there, the PPS can push through to another level.
that sure is the truth!!!
Again it all depends on the news, right ? anything can happen in penny land !!!!!!!!!!!!!!!!
it popped to a penny without financing the last time on news of a MOU. I say more then 1.5 cents IMO
I would guess it will pop to .0125-.015 and settle back around .01 on financing news.
If any news about the financing comes out over the weekend this stock is going to take off next week. I'm feeling .01. GLTA
need level II data. and even then you can't be 100% certain of sizes because the MMs are required to show bid/ask sizes on the pinks. but it give you a pretty good idea.
Trextrex, can you please tell usbwhere we can find the info on what orders and bids are out there? Thanks
Here's something that's nice to see....
http://www.barchart.com/quotes/stocks/TXMC
http://www.barchart.com/opinions/stocks/TXMC
6 mill on the ask at .006. we're not gonna break that without some serious buying pressure. i think we'll call it a weekend in the mid 5s.
Yea that's for sure! How does lv2 look at .006+?
listed as 5.8 mil buys to 3.2 mil sells. as always, you have to take it with a grain of salt as to how accurate. altho you can see that there have been a lot market orders on the ask especially in the last two hours.
Very strange day today...anybody know what buys/sells is?
ETRADE will not let you use a market order on penny stocks. Not sure what constitutes a penny to them, but this stock definitely does.
I have a buy in for .0045 just in case it dips again.
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everything you said goes for me too - i hate to admit it !
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when i started the game, no one told me to never do anything at market, i figured the going price was the right price for me.
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i learned that the hard way, the expensive way .
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i also learned about never making odd-lot bids the hard way.
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experience is not a gentle teacher, but i am thankful for the experiences that taught me in the beginning. i am stronger now.
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snowiegeorgie
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300million scrap tire = 6Billion Gallons of OIL link
Video Add below:
22 Gallon of oil to make one tire
• Burning is wasteful of resources. It requires approximately 22 gallons of oil to make one tire (http://www.govlink.org/nwpsc/tires.htm). If we scrap 300 million tires per year in North America, this means 6,600,000,000 gallons of oil. This is about 150 million barrels of crude which at, say US$20 per barrel translates to US$3 billion per year (old figure $20/barrel we are going to $100/barrel).
http://www.tirex-tcs.com/enviro.htm
(Here is where gets interesting, the shredded tire has to have high quality to meet the standard to be used as fuel and here is where TXMC comes into play their technology has been designed for this separating the metal and creating the quality needed.)
http://www.tirex-tcs.com/competition.htm
Picture from website:
Microwave turns Tires into Oil Video
After the metal has been separated the product can be turned into oil/gas by a microwave system that can be added to the TCS system by Tirex (which uses cold air "FREE", doesn't use liquid nitrogen which is what is being used now and it is very expensive) .
http://www.youtube.com/watch?v=RJYa42zYZ2I&feature=player_detailpage
Click Here for Press Release Tirex has developed and owns the technology that is a U.S. and Canadian patented, semi-cryogenic tire recycling process, known as the TCS System. It is environmentally friendly, economically viable (even without tipping fees), and reduces scrap tires into -5 to -30 mesh (or finer) clean crumb rubber with a uniquely smooth morphology and saleable, intact steel wire and fiber. Tirex's proprietary process, that doesn't use liquid nitrogen, freezes the rubber and then passes it through it's patented "fracturing mill" which "breaks" the rubber apart, instead of cutting it, exposing the whole strands of steel and fiber, and leaving a value added crumb rubber, we call RutexTM, that is best suited for extrusion molding recycled rubber products and higher end performance surfaces. Tirex's full scale TCS prototype was accredited in 2001 by Recycle Quebec. In 2002 Tirex awarded Simpro S.p.A., an internationally certified high tech manufacturer and supplier, with a license agreement to exclusively manufacture the TCS technology and nonexclusive marketing rights. Tirex and Simpro welcome all governments, companies and investors interested in our business of bringing to market what we believe is the most economically viable and environmentally friendly tire recycling process in the industry. http://www.simpro.it/home.php?argid=49&pagid=18?=en Article on Tirex by The Connecticut Post Safe Harbor Statement: Certain statements made in this release may contain language describing the plans, goals, strategies, intentions, forecasts and expectations of The Tirex Corporation that may be referred to as "forward-looking statements." Several important factors could cause actual results to differ materially from those in such forward-looking statements, and Tirex could encounter unanticipated obstacles and delays in developing products, service offerings and markets. |
Rubber, steel and fibre coming out of the fracturing mill on its way for separation. | |
20-30 mesh Crumb Rubber | |
CLICK ON THESE TWO VIDEOS SEPARATELY TO VIEW: 1. Video of The TCS prototype in operation (If you have a slow internet connection, you may prefer to right click on link and save for viewing later) |
Company Overview:
The Tirex Corporation (TXMC) is engaged in the business of developing for sale, license or lease an environmentally safe patented "turn key" cryogenic tire recycling system, known as the "TCS System" The TCS System was designed and developed by us and separates tires into clean and saleable rubber crumb, steel wire, and fiber. The Company was incorporated in Delaware on August 19, 1987 under the name "Concord Enterprises, Inc." The Company's name was changed to "Stopwatch Inc." on June 20, 1989 and to "Tirex America Inc." on March 10, 1993. On July 11, 1997, the Company's name was changed to "The Tirex Corporation". Since 1993, our core business has been to develop and to initiate marketing efforts by sale or license of an environmentally friendly cryogenic tire recycling system, which we intend to sell to recycling companies and governmental agencies to enable them to recycle tires. We have devoted much of our earlier efforts to completing the design and development of our first production model and raising the financing required to do so, but for the last four years, our efforts have turned to marketing. The Company has generated only very limited revenues from operations and is still in the development stage.
The TCS-System (as copied from Simpro S.p.A.'s web site)
Simpro also means ecology. An example is the industrialization of this plant, capable of recycling rubber from used tires, by separating the former from both steel and fiber of the structure.
Doing this, the steel can be reused in foundries, the fiber returns to the textile industry, whereas the high-purity rubber is shredded into multi-sized rubber, according to the intended use: the preparation of bitumen for asphalting streets (so as to reduce the noise level), as well as the rubber industry (as processable raw material), are the major applications. The technique is based on the very-low-temperature cooling (through refrigerated air and without using nitrogen) of tire parts previously shredded, which, once they have become crystalline due to the cold, are fractured by a special-purpose mill. After this, a system of vibrating sieves, together with electromagnets, separates rubber, steel and fiber. At the end of the line, one or more mills, depending on the plant capability, pulverize the rubber into the wanted size.
There are different versions of this plant, according to the number of tires to be treated. The systems, in any case, are custom-made according to the customer's requirements.
The plant is turnkey supplied and complies with the law in force within the Country in which it is installed. Simpro offers, also for this kind of plants, a complete after-sales service, including the training of the involved personnel, the periodical maintenance, if required by the customer, as well as an emergency service in case of failure or breakdown.
http://www.simpro.it/home.php?argid=49&pagid=18?=en
http://www.simpro.it/admin/upload/documento/20050329_100859_schedaverde.pdf
TCS System vs competing technologies
- Ambient technologies tend to produce coarser crumb rubber, lower rubber yields as well as higher rubber contamination levels. This translates into lower revenues generated per tire processed. - Ambient technologies require extensive equipment to shred, cut and granulate tires which involves very significant maintenance costs and down time (frequent knife and blade sharpening and replacement, for instance). - Ambient systems generate high energy costs
- Tirex cryogenic competitors need to freeze tires with very expensive liquid nitrogen. - Tirex has proven that to produce crumb rubber cryogenically, all that is needed is to freeze rubber below its "glass point", i.e. the temperature under which rubber can be shattered like glass. Any additional cooling translates into costly wasted cooling energy. - The most important difference between Tirex cold air based system and liquid nitrogen is the very cost of liquid nitrogen, which is 2 to 3 times more expensive than cold air. In addition, liquid nitrogen is not readily available everywhere in the world (contrary to air !)
TCS Technology advantages in a nutshell
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POLITECNICO DI TORINO DIPARTIMENTO DI GEORISORSE E TERRITORIO To kind attn.: Mr. Mauro Gallo Rosso Simpro S.p.A. Via Torino 446/A 10032 Brandizzo (TO) Turin, 31st October 2003 Re.: "Theoretical certification of the Cryogenic Tire Disintegration Process US Patent No. 5,735,471" In comparison with other disintegration processes, the innovations of the Cryogenic Tire Disintegration Process, US Patent No. 5,735,471, are: · Conventional cryogenic systems make use of chemicals for freezing the tires, firstly shredded by means of blades and then subject to a further disintegration phase within a hammer mill. Through this operation, rubber, but also steel, are pulverized, fibers are chopped up to such a size that the sieves get clogged and the rubber is trapped. Maintenance costs and energy consumption of the hammer mill are high because the system, besides the rubber, also disintegrates the steel which, being in such conditions, does not have any economic value. The fluff separation requires an air suction system able to remove also 15% of the crumb rubber. Liquid nitrogen or other chemicals are very expensive and dangerous when stored and used. · Room-temperature shredding systems require cutting and grinding systems. In such conditions the energy consumption is very high, as well as the investment costs needed for the machinery. Through this solution, rubber, but also steel, are pulverized, fibers are chopped up to such a size that the sieves get clogged and the rubber is trapped. Maintenance costs and energy consumption of the hammer mill are high because the system, besides the rubber, also disintegrates the steel which, being in such conditions, does not have any economic value. The fluff separation requires an air suction system able to remove also 15% of the crumb rubber. The crumb rubber being obtained is generally a very bad quality product. · The cryogenic tire disintegration process, US Patent No. 5,735,471, consists of 2 parallel lines (one for the tire sides, one for the treads) equipped with a cryogenic chamber, cooled at -90°F through cold air at -170°F, in which is a fracturing mill (subject matter of the patent) made up of two contra-rotating cylinders supplied with projections which enable a selective rubber fracturing by leaving the steel and fiber sizes basically unchanged. Therefore this solution generates a remarkable energy saving, a high-quality and high-output crumb rubber and makes the steel saleable, as it is not disintegrated during the shredding operation. The Geo-Resources and Territory Department of the Polytechnic of Turin intends to perform some tests on a pilot system which is going to be manufactured at Simpro S.p.A. in order to assess the quality of the products being obtained and to assign a corresponding market value. In consideration of the installed technology, in any case, the separation of the three different phases - rubber, steel and fiber - is certainly optimized, thus obtaining products with a better quality in comparison with the ones existing on the market. Such theoretical analysis is furtherly confirmed by some documents (LBHA Inc. and Xerus Inc., see enclosure), certifying the quality of the rubber produced through the cryogenic tire disintegration process, US Patent No. 5,735,471, by a pilot system of Tirex Corporation located in Quebec, Canada. On behalf of the Polytechnic of Turin, Geo-Resources and Territory Department Prof. Mariachiara Zanetti Prof. Giuseppe Genon |
Importance of the Patent. Breakthrough patents, which explore whole new areas of technology, or are the first to find answers to long-standing problems, are the most valuable. Examples of such patents are Edison's light bulb, Benz's automobile engine, Cohen's polymerase chain reaction (PCR) patent, the first photocopier, or possibly an invention yet to come, such as a definitive cure for AIDS. In these cases, the patents would be so innovative that they give the owner a complete monopoly over an entire industry and are extremely valuable, often worth billions of dollars. Although most patents never reach these heady heights they are nevertheless valuable in that they can force a competitor to start innovating to keep pace with new and improved technologies and products in the market, or conversely to a license from a patent owner who has will to do so. Incremental patents, which make only small advances over existing products, are usually the least valuable though this may not be always so. A question that is often asked in relation to an incremental or breakthrough patent when endeavoring to put a price on it is 'How much would my competitors pay to use my protected product or process?'
20-year potential monopoly. Patents that are just beginning their life and which have longer to run on the their potential monopoly position understandably will have more value. It is rare that a patent nearing the end of its term will cause a great threat to its competitors. It is almost certain that they will have devised technologies or products of their own by then that will not interfere with the patent owners monopoly position. In addition, one has to take into consideration the potential business life of a patent, i.e., the duration which a patent is likely to be economically useful, if other subsequent patents are providing better alternatives to it.
Patent Significance. Every patent has its own significance in a particular area and will usually form part of an overall IP strategy either to maximize its earning potential or to allow other patents to maximize theirs. Examples of such patents are those that are used to block other key players from gaining a foothold in a market. Yet other examples are those patents that are additional to an original patent and rely on the protected matter in the original patent to successfully operate. It not uncommon for drug companies or telecom companies to take out further patents protecting a strong first generation of patents, thus securing a big chunk of a market and the ability to negotiate licenses and royalties from the protected, but much desired technology.
http://www.wipo.int/sme/en/documents/valuing_patents.htm
__________________________________________________________________________________________________________________________________________________________________________________________
Tirex Employees:
The management structure of Tirex continues to reflect the focus of the Company, to wit, a provider of advanced technologies to the environmental protection and remediation sector chain. As the Company progresses through the various stages of vertical integration, key personnel will be added with expertise in those functions which are not yet part of the current managerial requirement.
John L. Threshie, Jr., President, Chief Executive Officer and Chairman of the Board
Common Shares Outstanding:
Market Value1 | $761,400 | a/o Feb 18, 2011 |
Shares Outstanding | 2,233,499,756 | a/o Mar 01, 2011 |
Float | 1,008,296,487 | a/o Mar 01, 2011 |
Authorized Shares | 2,500,000,000 | a/o Mar 01, 2011 |
Par Value | 0.001 |
Share Structure A/O 03/01/2011
2,233,499,756 Outstanding
- All directors and officers as a group (4 persons) 225,203,269 15.48% (10K 03/31/11)
- % of Shares Owned by all Large Block Holders 999.99M
http://www.dailyfinance.com/company/tirex-corp/txmc/nao/institutional-ownership
- Projected Float= 1,008,296,487 (Distributed between 670 shareholders/float = less then 2million each)
2,500,000,000 Authorized
______________________________________________________________________________________________________________________________________________________________________________________
The Road to Sustainability Rubberized asphalt is a high-performance alternative to traditional paving material. As a mix of asphalt and recycled rubber derived from scrap tires, rubberized asphalt is longer lasting, safer, less costly, and friendlier to the environment.
Resists cracking and rutting.
Cracks in asphalt are caused by vertical or horizontal movements beneath the overlay as a result of traffic loads, temperature fluctuations, and shifting earth. Rubberized asphalt reduces the occurrence of cracking with superior elasticity. Rubberized asphalt is also stiffer than conventional paving, which resists rutting and increases pavement life.
Improves skid resistance. Decreases splash and spray.
The safety of rubberized asphalt is greatly improved as a result of several unique attributes. Pavements made from rubberized asphalt exhibit greater skid resistance, and decreased splash and spray in wet conditions.
Decreases maintenance costs. Requires no additional capital investment.
In use for more than 40 years, rubberized asphalt is laid using the same equipment as traditional asphalt in most cases and the longer lasting properties reduce long-term maintenance costs. Plus, utilizing recycled rubber derived from scrap tires provides a reliable and consistent supply of material.
Rides quieter. Reduces stockpiles of scrap tires.
Noise pollution on highways and interstates continues to increase as traffic levels increase. However, rubberized asphalt is proven to reduce noise levels by upwards of 5 decibels. And rubberized asphalt provides an outlet for between 500 and 2,000 scrap tires per lane mile of pavement. So, for a 1-mile section of a four-lane highway, between 2,000 and 8,000 tires are creating a longer-lasting, safer, and more cost-effective roadway.
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Contact Information:
Tirex Corporation
1771 Post Road East
Westport, CT, USA 06880
Phone: 203-292-6922
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